Srit India Limited IPO
SRIT · Mainboard · 28–30 Sep 2026 · archived record
Half market demand (GMP, subscription, institutional bids), half offer-document data (valuation, profit trend, fresh issue vs OFS, debt, promoters, sector). Missing inputs are left out, not guessed. Not an apply/avoid recommendation.
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All of this IPO is a fresh issue: every rupee raised goes to the company.
- ₹124 Cr: working capital
- ₹12.9 Cr: capex to modernise existing products
- Up to 35%: unidentified acquisitions plus general corporate purposes
- 100% fresh issue (about ₹218 Cr at ₹130): no promoter is selling
Qualified institutional buyers are mutual funds, banks, insurers and foreign funds, and they read the full prospectus. They usually bid on the last day, so a low QIB number early in the window is normal. A low one at the close is not.
Promoter holding: The founders (Dr. N. R. Madhusoodan and family, plus co-founder Martin P. Chacko) hold 90.7% fully diluted; about 66% after (our estimate at ₹130)
- Revenue: ₹271.1 Cr (FY24) → ₹389.3 Cr (FY25) → ₹450.0 Cr (FY26)
- Profit: ₹29.1 Cr → ₹33.6 Cr → ₹43.3 Cr
- PAT margin improved from 8.6% to 9.6%; debt/equity just 0.23
- ROE fell from 38.8% (FY25) to 30.0% (FY26)
- About 13.7× FY26 earnings at ₹130 (EPS ₹9.47)
- The RHP's listed IT peers average 18.3× (Mastek 12.6× to RailTel 24.0×)
- About 3.2× book value (NAV ₹40.71)
- Revenue CAGR of 29% from FY24 to FY26; profitable in every year shown
- Cheaper than the RHP's listed IT peers on P/E; little debt
- 89.4% of FY26 revenue came from government tenders, so it depends on government orders
- Big receivables: government clients pay slowly, which is why the IPO funds working capital
- Needs bank guarantees to bid; the order book can be cancelled or delayed
- Up to 25% can go to acquisitions not yet identified
- IT solutions for government and public-sector clients
- Source: Srit India RHP filed with NSE, September 2026
In 2 of the last 5 years, the typical Information Technology stock did better than the typical listed stock.
| Year | Typical stock | Clean average | Stocks up | Whole market | Abnormal moves set aside |
|---|---|---|---|---|---|
| 2021 | +120.6% | +134.9% | 100% of 24 | +45.5% | None |
| 2022 | -27.9% | -26.5% | 11% of 28 | +3.0% | None |
| 2023 | +64.9% | +91.3% | 100% of 29 | +43.5% | AURIONPRO +533.8% |
| 2024 | +11.1% | +29.0% | 63% of 32 | +23.1% | E2E +515.3% |
| 2025 | -14.6% | -16.5% | 18% of 34 | -4.2% | None |
| 2026 YTD | -14.1% | -13.0% | 27% of 37 | -2.8% | E2E +146.3% |
Calendar-year returns of the Information Technology companies in the Nifty Total Market index, adjusted for splits and bonuses. The typical stock is the median, so one stock's spike or crash cannot pass for the whole sector. Moves more than three interquartile ranges from the middle are named and left out of the clean average. Only companies listed today are counted, so ones that collapsed and delisted are missing and past returns look better than they were. Past sector returns say nothing certain about this IPO.
Use NSE's official IPO bid and allotment verification page.
nseindia.comWhat is the GMP of Srit India Limited today?
The latest unofficial grey market premium for Srit India Limited is — (35.38% of the upper price band), sourced from InvestorGain. GMP is unofficial and unregulated.
What is the price band of Srit India Limited?
The price band is ₹123–₹130 per share, as filed with NSE.
When does Srit India Limited open and close?
The issue window is 28–30 Sep 2026. The current status is closed.
How much is Srit India Limited subscribed?
Live subscription figures are published by NSE once bidding opens.
Is Srit India Limited a good IPO to apply for?
Marketframe does not publish apply or avoid calls. The Marketframe score combines market demand (GMP, subscription, institutional bids) with facts from the offer document (valuation against listed peers, profit trend, fresh issue vs OFS, debt, promoter holding and sector record). It is an automated summary of data, not a recommendation or investment advice. Read the RHP and consult a SEBI-registered adviser.
↑Issue schedule verified from NSE
!GMP is unofficial and not verified by NSE
!Read the RHP risk factors before applying
Schedule, price band and live subscription data are sourced from NSE India. *GMP is sourced from InvestorGain, is unofficial and unregulated. The Marketframe score summarises market demand and offer-document data; it does not predict listing gains or returns. Marketframe does not provide investment advice. Verify every decision using SEBI, NSE, BSE and the relevant offer document.